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PayPal shares jump on Elliott’s $2 bln stake, annual profit guidance raise
August 15, 2022August 9, 2022 cos-sforg

PayPal shares jump on Elliott’s $2 bln stake, annual profit guidance raise

Business

PayPal Holdings (PYPL.O) on Tuesday said activist investor Elliott Management has an over $2 billion stake in the fintech company and the firm raised its

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Chinese filings for U.S. clearance on investments doubled in 2021
August 14, 2022August 9, 2022 cos-sforg

Chinese filings for U.S. clearance on investments doubled in 2021

Business

Chinese investors roughly doubled the number of applications they made last year seeking U.S. regulatory clearance for proposed stakes in American companies, according to a

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Fed’s Bullard: Rates will need to be ‘higher for longer’ if inflation does not recede
August 13, 2022August 9, 2022 cos-sforg

Fed’s Bullard: Rates will need to be ‘higher for longer’ if inflation does not recede

Business

If inflation does not respond to the Federal Reserve’s interest rate increases by easing as expected, then rates will have to remain “higher for longer,”

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Fraud charges in hacking case against Uber ex-security chief are dismissed
August 12, 2022August 9, 2022 cos-sforg

Fraud charges in hacking case against Uber ex-security chief are dismissed

Business

A U.S. judge on Tuesday granted a request by prosecutors to dismiss fraud counts against a former Uber Technologies Inc (UBER.N) security chief also charged

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Twitter queries banks on Musk’s attempts to undermine $44 bln deal
August 11, 2022August 9, 2022 cos-sforg

Twitter queries banks on Musk’s attempts to undermine $44 bln deal

Business

Twitter Inc (TWTR.N) is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social

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EU Commission agrees to extend sale deadline for Monte dei Paschi
August 10, 2022August 9, 2022 cos-sforg

EU Commission agrees to extend sale deadline for Monte dei Paschi

Business

The European Commission on Tuesday approved revised restructuring targets for Italian bank Monte dei Paschi di Siena (MPS) (BMPS.MI) and a new deadline for the

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Australian stock exchange operator delays software overhaul by 20 months
August 9, 2022August 9, 2022 cos-sforg

Australian stock exchange operator delays software overhaul by 20 months

Business

The Australian Securities Exchange (ASX.AX) said on Wednesday it would delay an overhaul of its main share trading software by up to 20 months, citing

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